Analysts predict that Cypress Energy Partners, L.P. (NYSE:CELP) will report $69.73 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Cypress Energy Partners, L.P.’s earnings, with the highest sales estimate coming in at $73.40 million and the lowest estimate coming in at $67.90 million. Cypress Energy Partners, L.P. posted sales of $72.31 million during the same quarter last year, which suggests a negative year-over-year growth rate of 3.6%. The company is scheduled to issue its next earnings results on Thursday, August 10th.

According to Zacks, analysts expect that Cypress Energy Partners, L.P. will report full-year sales of $69.73 million for the current fiscal year, with estimates ranging from $274.10 million to $297.00 million. For the next financial year, analysts expect that the company will post sales of $311.30 million per share, with estimates ranging from $303.50 million to $323.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Cypress Energy Partners, L.P..

CELP has been the subject of a number of recent analyst reports. Zacks Investment Research raised Cypress Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Wednesday, July 12th. TheStreet lowered Cypress Energy Partners, L.P. from a “c-” rating to a “d+” rating in a report on Friday, May 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $8.00 price objective on shares of Cypress Energy Partners, L.P. in a report on Friday, July 28th. Four research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $8.00.

Cypress Energy Partners, L.P. (CELP) traded up 7.0867% on Friday, hitting $6.6715. The stock had a trading volume of 43,198 shares. The firm’s market cap is $79.24 million. Cypress Energy Partners, L.P. has a 12-month low of $6.12 and a 12-month high of $14.27. The company’s 50 day moving average is $7.22 and its 200 day moving average is $8.99.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 12.59%. The ex-dividend date is Thursday, August 3rd. Cypress Energy Partners, L.P.’s dividend payout ratio (DPR) is -420.00%.

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A hedge fund recently raised its stake in Cypress Energy Partners, L.P. stock. Wedbush Securities Inc. raised its position in Cypress Energy Partners, L.P. (NYSE:CELP) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,140 shares of the oil and gas company’s stock after buying an additional 3,198 shares during the period. Wedbush Securities Inc. owned approximately 0.41% of Cypress Energy Partners, L.P. worth $447,000 as of its most recent filing with the SEC. 0.69% of the stock is currently owned by institutional investors and hedge funds.

About Cypress Energy Partners, L.P.

Cypress Energy Partners, L.P. is a limited partnership company, which serves energy companies throughout North America. The Company provides independent pipeline inspection and integrity services to producers and pipeline companies and water and environmental services with salt water disposal (SWD) facilities to the United States onshore oil and natural gas producers and trucking companies.